Summit Partners has made a growth equity investment in 360 Treasury Systems
Summit Partners made a growth equity investment in 360 Treasury Systems AG (“360T Group”).
The all-senior debt financing was conducted with a club of five banks – GE Corporate Finance (Agent & Coordinator), Berenberg, Deutsche Bank, HSBC and IKB – which will lower the financing costs of the group substantially.
360T Group, based in Frankfurt, Germany, is the leading independent provider of web-based trading technology for OTC financial instruments, particularly currency exchange, short-term money market loan/deposits and interest rate derivatives. Based on its proprietary core technology, 360T Group’s multi-bank platform provides deep liquidity for corporate treasuries, banks, asset/fund managers as well as for insurance companies and hedge funds.
Summit Partners is a leading growth equity firm that invests in rapidly growing companies with offices in Boston, London, Palo Alto and Mumbai. Founded in 1984, Summit has raised more than USD 14 billion in capital.
Lincoln International was retained by Summit Partners as exclusive debt advisor for the financing.
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